Nomura Asset Management Co. Ltd. Sells 14,686 Shares of Rocket Lab Corporation $RKLB

Nomura Asset Management Co. Ltd. decreased its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 5.6% in the 4th quarter, HoldingsChannel reports. The firm owned 248,841 shares of the rocket manufacturer’s stock after selling 14,686 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Rocket Lab were worth $17,359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RKLB. AQR Capital Management LLC lifted its position in Rocket Lab by 114.0% during the first quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after purchasing an additional 92,849 shares during the period. NewEdge Advisors LLC raised its stake in Rocket Lab by 1,812.1% during the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock worth $658,000 after acquiring an additional 34,882 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Rocket Lab by 53.8% during the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock worth $282,000 after acquiring an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Rocket Lab by 13.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after acquiring an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in Rocket Lab by 1.0% during the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after acquiring an additional 681 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

More Rocket Lab News

Here are the key news stories impacting Rocket Lab this week:

• Negative Sentiment: RKLB is falling with the broader space group after weekend explosion news sparked renewed concern about launch risk and execution in the sector. Rocket Lab (RKLB) Loses 14.7% on Explosion News
• Negative Sentiment: Several insider sales were disclosed, including transactions by senior executives and a director, which can create near-term sentiment pressure even when sales are pre-planned. Rocket Lab (NASDAQ:RKLB) Insider Sells $513,345.00 in Stock
• Negative Sentiment: Commentary from multiple outlets says Rocket Lab may be vulnerable to a valuation reset as investors rotate away from high-flying space names ahead of the SpaceX IPO. Rocket Lab Stock Is Tumbling Today: What’s Happening?
• Neutral Sentiment: On the positive side, Rocket Lab continues to expand its Space Systems business, which now generates more revenue than Launch Services and supports the long-term growth case. How Is Rocket Lab Expanding Its Role Across Space Infrastructure?
• Neutral Sentiment: Analysts and market commentary still highlight Neutron, backlog growth, and Rocket Lab’s role in the broader commercial space buildout as longer-term catalysts. Will the SpaceX IPO Put These 5 Public Space Stocks Into a Higher Orbit?

Insider Buying and Selling

In other news, CFO Adam C. Spice sold 62,744 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total value of $8,945,412.08. Following the completion of the transaction, the chief financial officer owned 983,049 shares of the company’s stock, valued at $140,153,295.93. This represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Merline Saintil sold 18,126 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $75.04, for a total value of $1,360,175.04. Following the completion of the transaction, the director directly owned 261,903 shares of the company’s stock, valued at $19,653,201.12. This represents a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 463,641 shares of company stock valued at $63,326,057 over the last three months. Insiders own 8.40% of the company’s stock.

Rocket Lab Stock Performance

Rocket Lab stock opened at $123.32 on Wednesday. The business has a 50 day moving average of $93.14 and a 200-day moving average of $76.94. Rocket Lab Corporation has a 1 year low of $25.24 and a 1 year high of $151.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The company has a market capitalization of $71.37 billion, a P/E ratio of -385.38 and a beta of 2.49.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. The firm’s revenue was up 63.4% compared to the same quarter last year. On average, equities research analysts predict that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, May 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Tuesday, April 21st. Stifel Nicolaus reissued a “buy” rating and set a $105.00 target price (up from $90.00) on shares of Rocket Lab in a research note on Monday, April 20th. Roth Mkm boosted their target price on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, New Street Research assumed coverage on Rocket Lab in a research note on Wednesday, May 13th. They set a “buy” rating and a $150.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rocket Lab presently has an average rating of “Moderate Buy” and an average target price of $97.19.

Rocket Lab Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.